of China tech market cycles as mentioned in https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/12212/Market-cycles-and-emotions? Only time could tell.
I have started a new position in Ascott Trust when its price plunged below $1 since I always want to invest in a hospitality reit.
to gain exposure to Hong Kong listed technology companies. I have chose 3067 among the 4 ETFs due to the following reasons:
As mentioned in https://ainvestor.blogspot.com/2021/04/i-am-newbie.html, I want to try out options trading.
I have chose Palantir to try out selling of options due to the following reasons:
Ideally,
Let's assume the success rate is 50% to include some losses...
for China tech bear market?
No doubt that China tech stocks are in bear market. Using KWEB ETF as reference, its price has dropped about 60% from its peak. The stock price of big China tech stocks such as Alibaba and Tencent, etc. have collapsed about 16% and 12% respectively for the past 1 week with high volume. The price movement looks similar to the Capitulation phase as describe below:
From https://www.investopedia.com/terms/c/capitulation.asp
Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines. Capitulation can happen at any time, but typically happens during high volume trading and extended declines for securities. A market correction or bear market often leads investors to capitulate or panic sell. The term is a derived from a military term which refers to surrender.
From https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/12212/Market-cycles-and-emotions
Stage 3: Panic, capitulation & despondencyin my local portfolio over the next 4 months+, so that I can hit $200k investment by end of this year. Currently, I have 18 stocks in this portfolio, and is thinking to extend it to 20.
Keppel DC Reit has announced a private placement of 81m new units @ $2.522. This would dilute the stake of the existing retail investors. However, I believe it would provide strong price support @ $2.52. I may consider to add some shares if its price hit $2.52 or below.
like me. From 1st July 2021 onwards, Interactive Brokers have eliminated the monthly account inactivity fees. Extracted from the email:
Effective July 1, 2021, you will no longer be charged USD 10 for not maintaining a minimum balance or transaction activity for account U****8095. This change will be reflected in your August 2021 account statement.
This is a significant change for most of the retail investors and traders. Officially, Interactive Brokers are now even cheaper than Tiger Brokers and Moomoo for trading US shares and options. In addition, I am also using the Fractional Trading feature in Interactive Brokers to buy US shares. If you are interested to sign up a Interactive Brokers account, and do not have a referral link from your friends, please use mine here.
on 2 July with each share @ $0.595. Under the preferential offering at an allotment ratio of 214 new units for every 1000 existing units, I would be allocated 856 shares. However, I would definitely want to apply for excess shares :)
Moving forward, I would be using my Interactive Brokers account for US shares and options trading due to its low fee and fractional trading feature, I would be transferring my USD fund from Tiger Brokers to Interactive Brokers progressively. This can be done by withdrawing of USD from Tiger Brokers to my DBS multi currency account, then deposit them into Interactive Brokers.
a total investment of US$34k even exceeding my revised target of US$29k mentioned http://ainvestor.blogspot.com/2021/04/changes-to-2021-plan.html. One reason is that I see more opportunities in oversea market during the pullbacks in Mar and May 2021. Another reason is there is a one lump sum investment in Palantir. My oversea portfolio has been sideway for the past 3 months as it consists of technology and growth stocks.
I have subscribed to Mapletree Industrial Trust shares via its rights allocation; hopefully I can get some excess shares.
@ US$19.71 on 14 May 2021 in the process of trying out selling covered options. Currently, this purchase is sitting on some profit, and I am going to sell covered options to lower the purchase price.
Mapletree Industrial Trust has gone XR, and I holding some of MIT shares in both Tiger Brokers and Moomoo. I am still trying to figure out how to subscribe its shares via these trading platform. If you have any idea, please leave a comment to let me know. Thanks.
